Millennium Management LLC Has $2.71 Million Position in TiVo Corp (TIVO)

Millennium Management LLC cut its holdings in TiVo Corp (NASDAQ:TIVO) by 59.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 287,487 shares of the technology company’s stock after selling 423,245 shares during the period. Millennium Management LLC owned 0.23% of TiVo worth $2,705,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Piedmont Investment Advisors Inc. boosted its holdings in TiVo by 3.4% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 29,435 shares of the technology company’s stock worth $277,000 after buying an additional 977 shares during the period. Nisa Investment Advisors LLC boosted its holdings in TiVo by 5.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 38,970 shares of the technology company’s stock worth $367,000 after buying an additional 1,900 shares during the period. Thrivent Financial for Lutherans boosted its holdings in TiVo by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 87,988 shares of the technology company’s stock worth $828,000 after buying an additional 1,935 shares during the period. Texas Permanent School Fund boosted its holdings in TiVo by 4.1% in the 4th quarter. Texas Permanent School Fund now owns 81,096 shares of the technology company’s stock worth $763,000 after buying an additional 3,216 shares during the period. Finally, United Services Automobile Association boosted its holdings in TiVo by 15.7% in the 4th quarter. United Services Automobile Association now owns 32,336 shares of the technology company’s stock worth $304,000 after buying an additional 4,378 shares during the period. 93.83% of the stock is owned by institutional investors.

Shares of NASDAQ:TIVO opened at $9.05 on Monday. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.41. TiVo Corp has a one year low of $8.73 and a one year high of $15.30. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 18.10 and a beta of -0.06.

TiVo (NASDAQ:TIVO) last announced its quarterly earnings results on Tuesday, February 26th. The technology company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.10). The firm had revenue of $168.46 million during the quarter, compared to the consensus estimate of $173.68 million. TiVo had a negative net margin of 50.20% and a positive return on equity of 3.73%. The firm’s revenue for the quarter was down 21.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 earnings per share. On average, equities analysts expect that TiVo Corp will post 0.41 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Tuesday, March 12th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 7.96%. The ex-dividend date of this dividend was Monday, March 11th. TiVo’s dividend payout ratio (DPR) is currently 144.00%.

Several research analysts have commented on TIVO shares. ValuEngine downgraded shares of TiVo from a “sell” rating to a “strong sell” rating in a report on Thursday, February 28th. BidaskClub downgraded shares of TiVo from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Finally, Zacks Investment Research downgraded shares of TiVo from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 10th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $17.67.

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About TiVo

TiVo Corporation provides media and entertainment products for the consumer entertainment industry worldwide. The company operates in two segments, Product and Intellectual Property Licensing. The Product segment offers platform solutions, such as TiVo Service Platform, a cloud-based service that powers the TiVo Service client software, which operates on set-top boxes in consumer homes, as well as applications that operate on third party software platforms, such as iOS and Android; user experience solutions that allow service providers to customize elements of the interactive program guides for their customers, as well as to upgrade their programming features and services under the G-GUIDE brand; and CubiTV and TiVo Lite middleware solutions for pay TV service providers comprising cable, satellite, terrestrial, and telecommunications operators.

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Institutional Ownership by Quarter for TiVo (NASDAQ:TIVO)

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